Dogecoin News Today: Thumzup's $2.5M Bet Powers Dogecoin Mining Push in Strategic Crypto Pivot

Thumzup Media Corporation (NASDAQ: TZUP) has committed a $2.5 million loan to DogeHash Technologies, a Dogecoin (DOGE) mining firm, to expand its operational capacity ahead of a pending acquisition. The funding is expected to accelerate the deployment of over 500 next-generation ASIC miners, potentially increasing DogeHash's fleet to more than 4,000 rigs by year-end 2025. The move underscores Thumzup's strategic pivot into the cryptocurrency ecosystem, aligning with its broader vision to establish a leading Dogecoin mining platformThumzup Announces $2.5 Million Capital Infusion into DogeHash Technologies to Expand its Dogecoin Mining Capacity^[1].

The capital infusion, provided in advance of the acquisition, aims to fast-track DogeHash's hardware rollout and enhance its competitive position in the Scrypt-based mining sector. Parker Scott, CEO of DogeHash, emphasized that the funds will enable the deployment of cutting-edge ASIC hardware during a "pivotal period" for Dogecoin. The expanded fleet is projected to improve operational efficiency and scale, critical as mining difficulty and competition in the space riseThumzup Media Loans $2.5M To DogeHash To Boost Dogecoin Mining^[2].

Thumzup's involvement in Dogecoin extends beyond this investment. The company has been actively accumulating digital assets, including over 7.5 million DOGE tokens and 19 BTC, and has authorized up to $250 million in digital asset holdings. Additionally, Thumzup recently launched a Crypto Advisory Board and approved a $10 million share repurchase plan, signaling its long-term commitment to crypto-related initiativesThumzup Media Funds DogeHash Expansion with $2.5 Million^[3].

The Dogecoin market, however, faces challenges. Despite institutional interest-evidenced by the recent launch of the REX-Osprey Dogecoin ETF (DOJE), which generated $17 million in first-day trading volume-DOGE's price remains below its 2021 peak. As of September 2025, the token trades at approximately $0.23, down 68% from its all-time high. Analysts have offered divergent forecasts, with some suggesting potential for a rally to $0.48 or even $1, though these remain speculative and tied to broader market conditionsTrump-Linked Thumzup Bets Big On Dogecoin Mining Revenue^[4].

Thumzup's stock has also experienced volatility, trading at $5.20 as of September 30, a 65% decline from its August peak. The company's recent $50 million share offering underscores its efforts to finance crypto expansion while managing shareholder expectations. Meanwhile, competitors like CleanCore Solutions are also accumulating Dogecoin, with plans to secure 5% of the circulating supply, intensifying competition in the spaceThumzup's $2.5M Infusion Poised to Boost Dogecoin Mining Fleet^[5].

The acquisition of DogeHash, pending shareholder and Nasdaq approvals, is part of Thumzup's broader strategy to consolidate its position in the digital asset sector. The combined entity, expected to operate under the Dogehash Technologies Holdings name, aims to leverage economies of scale and exclusive access to next-generation mining hardware. Forward-looking statements in the press release caution that outcomes depend on market dynamics, regulatory developments, and execution risksLegal Disclaimer, Thumzup Announces $2.5 Million Capital Infusion into DogeHash Technologies^[6].